US Bancorp DE increased its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 302.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,212 shares of the real estate investment trust’s stock after buying an additional 25,711 shares during the period. US Bancorp DE’s holdings in Hudson Pacific Properties were worth $1,170,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the stock. Nuveen Asset Management LLC boosted its stake in shares of Hudson Pacific Properties by 281.8% in the first quarter. Nuveen Asset Management LLC now owns 1,968,038 shares of the real estate investment trust’s stock worth $68,173,000 after buying an additional 1,452,589 shares during the period. Profund Advisors LLC boosted its stake in Hudson Pacific Properties by 10.7% in the first quarter. Profund Advisors LLC now owns 8,933 shares of the real estate investment trust’s stock worth $309,000 after buying an additional 863 shares during the last quarter. Nationwide Fund Advisors increased its position in Hudson Pacific Properties by 63.6% in the first quarter. Nationwide Fund Advisors now owns 448,884 shares of the real estate investment trust’s stock worth $15,549,000 after buying an additional 174,426 shares during the period. State Street Corp increased its position in Hudson Pacific Properties by 38.3% in the first quarter. State Street Corp now owns 5,047,262 shares of the real estate investment trust’s stock worth $174,833,000 after buying an additional 1,397,069 shares during the period. Finally, American Century Companies Inc. increased its position in Hudson Pacific Properties by 10.3% in the first quarter. American Century Companies Inc. now owns 1,394,632 shares of the real estate investment trust’s stock worth $48,310,000 after buying an additional 130,011 shares during the period.
Shares of Hudson Pacific Properties, Inc. (NYSE HPP) opened at 32.63 on Friday. The company’s 50-day moving average price is $32.56 and its 200 day moving average price is $34.10. The company has a market cap of $5.07 billion, a P/E ratio of 92.70 and a beta of 0.75. Hudson Pacific Properties, Inc. has a one year low of $31.53 and a one year high of $36.75.
ILLEGAL ACTIVITY WARNING: “US Bancorp DE Increases Stake in Hudson Pacific Properties, Inc. (NYSE:HPP)” was originally posted by Community Financial News and is owned by of Community Financial News. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://www.com-unik.info/2017/08/19/us-bancorp-de-has-1-17-million-stake-in-hudson-pacific-properties-inc-nysehpp-updated.html.
Several research firms have recently commented on HPP. BidaskClub downgraded Hudson Pacific Properties from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Barclays PLC increased their price objective on Hudson Pacific Properties from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $38.56.
In other news, Director Jonathan M. Glaser bought 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $31.78 per share, with a total value of $476,700.00. Following the transaction, the director now directly owns 132,405 shares in the company, valued at $4,207,830.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sanford Dale Shimoda sold 5,000 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $35.87, for a total value of $179,350.00. Following the completion of the transaction, the executive vice president now directly owns 85,872 shares in the company, valued at $3,080,228.64. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 25,000 shares of company stock worth $797,600 and have sold 169,549 shares worth $5,981,459. Corporate insiders own 13.35% of the company’s stock.
About Hudson Pacific Properties
Hudson Pacific Properties, Inc is a real estate investment trust (REIT). The Company operates in two segments: office properties, and media and entertainment properties. The Company is focused on acquiring, repositioning, developing and operating office and media and entertainment properties in submarkets throughout Northern and Southern California and the Pacific Northwest.
What are top analysts saying about Hudson Pacific Properties Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Hudson Pacific Properties Inc. and related companies.